I pay into a Trust Fund (CST) for both my children. Do I claim this on my taxes? I never received a T slip for it, just a summary of what we've payed over the year.

Every month my spouse and I pay into the CST program for our kids schooling when they graduate from high school. Do I claim this on my taxes? If so where and how do I do it?

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1 Best answer

Level 2

Oct 29, 2019 6:55:53 PM

There does not appear to be a tax deduction for making contributions to an account for your children Even RESP's do not provide a deduction for contributions. They do provide some benefits that may be of interest to you.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/resp-reee/hw-eng.html

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/resp-reee/cesp-pcee/csg-eng.html

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/resp-reee/cesp-pcee/clb-eng.html

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/resp-reee/pesp-ppee/menu-eng.html

1 Replies

Level 2

Oct 29, 2019 6:55:53 PM

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/resp-reee/hw-eng.html

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I pay into a Trust Fund (CST) for both my children. Do I claim this on my taxes? I never received a T slip for it, just a summary of what we've payed over the year.